Tuesday, March 28, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Scam News

India police commissioner asks crypto holders to avoid unauthorised private wallets

by ethozedge
December 27, 2021
in Scam News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


India Police Commissioner Shikha Goel has asked citizens to be cautious when handling their crypto assets

The legality of cryptocurrencies in India has been a grey matter, but that hasn’t stopped fraudsters from taking advantage of uninformed investors. Hyderabad City Police’s Additional Commissioner Shikha Goel recently sounded a warning against crypto fraud amidst the rising reported incidents. She also advised Indian citizens looking to invest in cryptocurrencies to do so only through trustworthy platforms.

“If you are going to be using or investing in cryptocurrency, please go only to the reputed and long-established players in this field,” she warned.

Greed and the desire to get rich overnight are drivers of crypto crime

Earlier this month, The Times of India reported that cases of crypto cheating had shot up from 2 last year to 54 between January and November this year. The news outlet detailed that the cyber police department had registered three cases against 11 people in the last two weeks of November.

The suspects leverage different schemes to steal from their victims. These include attractive crypto investment opportunities, phony exchange websites, and fake credentials, according to the Cyber Police deputy commissioner Bhagyashri Navatake. She noted that the lack of a legal framework regulating the use and adoption of cryptocurrencies in the country should be reason enough for people to stay away from crypto investments.

Navatake also stated that criminals were preying on the victim’s desire to make a quick killing through cryptocurrencies. Another senior police in the department held victims responsible for investing in cryptocurrencies knowing they are not regulated.

Speaking during an event held by the Hyderabad City Police, Goel addressed the subject of crypto crime which she noted was on the rise. Goel, just like Navatake, ascribed the increasing incidents of fraud to greed and lack of awareness among crypto users.

The decentralised nature of cryptocurrencies makes tracing them hard

The police commissioner noted that fraudsters beguile their victims to send the acquired crypto assets, promising huge profits.

“They [cyber criminals] ask you to share your cryptocurrency details. And once you put it in your wallet, then the money is taken away,” Goel observed.

She shared a tweet asking investors to cease transferring their assets into unverified wallets to avoid being duped. Goel further explained that it was hard to recover stolen assets because of their inherent nature, leading to dead ends.

Speaking in an interview with The Hindu, Goel stated that only 2 of reported crypto fraud incidents were outside the investment purview. The Additional Commissioner of Police (Crimes and SIT) further disclosed that victims have lost 3.45 crore Ruper (the equivalent of $460,000) to crypto fraudsters. Through her Twitter account, she urged citizens to report any cases involving cyber fraud so the authorities could act quickly.





Source link

Tags: asksAvoidbitcoin newsCommissionerCryptocrypto analysiscrypto newsEthoz EdgeHoldersIndiaLatest bitcoin newslatest crypto newspolicePrivateunauthorisedwallets
Share76Tweet47

Related Posts

Montenegro Vice President announces arrest of individual suspected to be Do Kwon: Confirmed

by ethozedge
March 23, 2023
0

Ad Update: Korean authorities have since confirmed that the detained person is Do Kwon.Montenegro Vice President Filip Adzic confirmed the...

AI dApp Harvester Keeper gets hacked for almost $1M

by ethozedge
March 20, 2023
0

Ad The recently launched AI trading app called Harvest Keeper saw almost $1 million of users’ funds drained through a...

Crypto investment fraud in the US hits record $2.57B – up 183% YoY

by ethozedge
March 16, 2023
0

Cryptocurrency investment fraud in the U.S. was up almost 3x year-over-year in 2022 — making investment fraud the “costliest scheme...

ZachXBT bids adieu to crypto community requests

by ethozedge
March 9, 2023
0

Ad In a recent tweet, on-chain detective ZachXBT said he “sincerely meant” he was ending community requests for help with...

DeFi platforms lost over $21M to hackers in February: DefiLlama data

by ethozedge
March 6, 2023
0

One of the largest is the flash loan reentrancy attack on Platypus Finance. DefiLlama has highlighted seven noteworthy hacks in...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Polygon announces the launch of open-source zkEVM

March 28, 2023

Ripple Contributes To New Digital Euro Whitepaper By DEA

March 28, 2023

THORChain halts Operations Due To Network Vulnerability Report

March 28, 2023

Disney disbands entire metaverse team – 50 staff jobs cut

March 28, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,964.000.60%
  • ethereumEthereum(ETH)$1,742.061.96%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.27%
  • binancecoinBNB(BNB)$312.29-1.66%
  • usd-coinUSD Coin(USDC)$1.000.30%
  • rippleXRP(XRP)$0.509.32%
  • cardanoCardano(ADA)$0.3586184.97%
  • staked-etherLido Staked Ether(STETH)$1,737.991.95%
  • dogecoinDogecoin(DOGE)$0.0727960.37%
  • matic-networkPolygon(MATIC)$1.061.23%
  • solanaSolana(SOL)$20.323.24%
  • binance-usdBinance USD(BUSD)$1.000.57%
  • polkadotPolkadot(DOT)$5.992.35%
  • litecoinLitecoin(LTC)$86.93-2.31%
  • shiba-inuShiba Inu(SHIB)$0.000010-0.20%
  • tronTRON(TRX)$0.0640262.53%
  • avalanche-2Avalanche(AVAX)$16.561.60%
  • daiDai(DAI)$1.000.73%
  • uniswapUniswap(UNI)$5.732.96%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,036.000.03%
  • chainlinkChainlink(LINK)$6.870.23%
  • cosmosCosmos Hub(ATOM)$11.224.74%
  • leo-tokenLEO Token(LEO)$3.380.17%
  • ToncoinToncoin(TON)$2.05-2.68%
  • ethereum-classicEthereum Classic(ETC)$20.003.50%
  • moneroMonero(XMR)$154.25-1.97%
  • okbOKB(OKB)$42.711.71%
  • stellarStellar(XLM)$0.0953554.46%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$121.362.13%
  • filecoinFilecoin(FIL)$5.401.59%
  • true-usdTrueUSD(TUSD)$1.001.13%
  • AptosAptos(APT)$11.100.77%
  • lido-daoLido DAO(LDO)$2.141.42%
  • hedera-hashgraphHedera(HBAR)$0.0591302.26%
  • quant-networkQuant(QNT)$119.990.03%
  • crypto-com-chainCronos(CRO)$0.0668220.36%
  • nearNEAR Protocol(NEAR)$1.860.95%
  • vechainVeChain(VET)$0.0221281.75%
  • apecoinApeCoin(APE)$4.064.96%
  • ArbitrumArbitrum(ARB)$1.16-2.90%
  • algorandAlgorand(ALGO)$0.2004340.80%
  • internet-computerInternet Computer(ICP)$4.761.26%
  • eosEOS(EOS)$1.111.40%
  • blockstackStacks(STX)$0.89-3.65%
  • the-graphThe Graph(GRT)$0.1324010.02%
  • fantomFantom(FTM)$0.408885-0.97%
  • the-sandboxThe Sandbox(SAND)$0.612.11%
  • fraxFrax(FRAX)$1.001.18%
  • elrond-erd-2MultiversX(EGLD)$41.281.15%
  • decentralandDecentraland(MANA)$0.572.59%
  • aaveAave(AAVE)$70.030.84%
  • tezosTezos(XTZ)$1.080.26%
  • theta-tokenTheta Network(THETA)$0.982.46%
  • immutable-xImmutableX(IMX)$1.054.88%
  • flowFlow(FLOW)$0.931.16%
  • axie-infinityAxie Infinity(AXS)$8.152.80%
  • neoNEO(NEO)$12.321.35%
  • rocket-poolRocket Pool(RPL)$42.986.49%
  • kucoin-sharesKuCoin(KCS)$8.29-2.98%
  • paxos-standardPax Dollar(USDP)$1.001.78%
  • BitDAOBitDAO(BIT)$0.520.42%
  • havvenSynthetix Network(SNX)$2.340.28%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.00-1.77%
  • usddUSDD(USDD)$0.990.15%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001210.79%
  • curve-dao-tokenCurve DAO(CRV)$0.901.48%
  • klay-tokenKlaytn(KLAY)$0.223407-0.16%
  • gatechain-tokenGate(GT)$4.870.06%
  • conflux-tokenConflux(CFX)$0.3268853.27%
  • bitcoin-cash-svBitcoin SV(BSV)$35.330.75%
  • optimismOptimism(OP)$2.154.63%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.60-2.08%
  • sapphireSapphire(SAPP)$0.7035.32%
  • gmxGMX(GMX)$74.6612.66%
  • mina-protocolMina Protocol(MINA)$0.73-3.05%
  • dashDash(DASH)$55.600.30%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • chilizChiliz(CHZ)$0.1156901.16%
  • makerMaker(MKR)$673.125.37%
  • bittorrentBitTorrent(BTT)$0.0000012.03%
  • huobi-tokenHuobi(HT)$3.570.56%
  • ecasheCash(XEC)$0.0000301.56%
  • iotaIOTA(MIOTA)$0.2027522.06%
  • xdce-crowd-saleXDC Network(XDC)$0.0399842.43%
  • Bitget TokenBitget Token(BGB)$0.385996-1.57%
  • frax-shareFrax Share(FXS)$7.531.15%
  • compound-ethercETH(CETH)$34.971.98%
  • EdgecoinEdgecoin(EDGT)$1.00-0.38%
  • FlareFlare(FLR)$0.04203424.51%
  • pax-goldPAX Gold(PAXG)$1,980.770.94%
  • Tokenize XchangeTokenize Xchange(TKX)$6.11-0.80%
  • tether-goldTether Gold(XAUT)$1,973.960.23%
  • singularitynetSingularityNET(AGIX)$0.4024470.89%
  • trust-wallet-tokenTrust Wallet(TWT)$1.12-1.89%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • compound-usd-coincUSDC(CUSDC)$0.0228040.47%
  • osmosisOsmosis(OSMO)$0.792.93%
  • mask-networkMask Network(MASK)$5.740.92%
  • zilliqaZilliqa(ZIL)$0.0263152.02%
  • loopringLoopring(LRC)$0.3387311.56%
  • 1inch1inch(1INCH)$0.4994062.93%
  • radixRadix(XRD)$0.040398-0.80%
  • nexoNEXO(NEXO)$0.722.66%
  • render-tokenRender(RNDR)$1.120.44%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,863.551.82%
  • cdaicDAI(CDAI)$0.0221940.40%
  • thorchainTHORChain(RUNE)$1.32-1.26%
  • arweaveArweave(AR)$7.872.26%
  • kavaKava(KAVA)$0.864.77%
  • gemini-dollarGemini Dollar(GUSD)$1.001.31%
  • KaspaKaspa(KAS)$0.02195514.18%
  • oec-tokenOKT Chain(OKT)$21.41-1.30%
  • btse-tokenBTSE Token(BTSE)$2.35-1.41%
  • zcashZcash(ZEC)$35.881.07%
  • convex-financeConvex Finance(CVX)$4.981.66%
  • dydxdYdX(DYDX)$2.4010.58%
  • casper-networkCasper Network(CSPR)$0.0340470.81%
  • enjincoinEnjin Coin(ENJ)$0.369060-0.22%
  • DeFiChainDeFiChain(DFI)$0.53-0.56%
  • EthereumPoWEthereumPoW(ETHW)$3.332.89%
  • DogechainDogechain(DC)$0.001787-24.98%
  • basic-attention-tokenBasic Attention(BAT)$0.2400512.61%
  • fetch-aiFetch.ai(FET)$0.340003-0.44%
  • WEMIXWEMIX(WEMIX)$1.431.52%
  • nemNEM(XEM)$0.0374631.52%
  • ethereum-name-serviceEthereum Name Service(ENS)$12.842.85%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-2.60%
  • Nexus MutualNexus Mutual(NXM)$48.261.64%
  • FLOKIFLOKI(FLOKI)$0.000032-4.06%
  • qtumQtum(QTUM)$3.010.74%
  • Aleph ZeroAleph Zero(AZERO)$1.43-0.21%
  • woo-networkWOO Network(WOO)$0.1878734.92%
  • BeldexBeldex(BDX)$0.0604913.20%
  • theta-fuelTheta Fuel(TFUEL)$0.0514413.97%
  • holotokenHolo(HOT)$0.0017351.40%
  • terra-luna-2Terra(LUNA)$1.261.53%
  • injective-protocolInjective(INJ)$3.790.35%
  • decredDecred(DCR)$19.90-1.38%
  • celoCelo(CELO)$0.594.75%
  • kusamaKusama(KSM)$32.480.95%
  • galaGALA(GALA)$0.0385955.24%
  • ravencoinRavencoin(RVN)$0.024199-1.51%
  • olympusOlympus(OHM)$10.260.51%
  • audiusAudius(AUDIO)$0.28654911.98%
  • Gains FarmGains Farm(GFARM2)$7,930.530.00%
  • compound-governance-tokenCompound(COMP)$41.121.91%
  • MagicMagic(MAGIC)$1.321.93%
  • gnosisGnosis(GNO)$107.311.33%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-4.87%
  • oasis-networkOasis Network(ROSE)$0.0546582.16%
  • yearn-financeyearn.finance(YFI)$8,300.463.58%
  • liquity-usdLiquity USD(LUSD)$1.010.44%
  • balancerBalancer(BAL)$6.704.00%
  • linkLINK(LN)$39.50-2.06%
  • flex-coinFLEX Coin(FLEX)$2.651.35%
  • AstarAstar(ASTR)$0.058505-0.04%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • chiaChia(XCH)$37.01-1.04%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • ankrAnkr Network(ANKR)$0.0308741.04%
  • SSV NetworkSSV Network(SSV)$35.56-2.10%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • nucypherNuCypher(NU)$0.190994-1.07%
  • bitcoin-goldBitcoin Gold(BTG)$14.18-8.32%
  • Access ProtocolAccess Protocol(ACS)$0.008338-1.74%
  • omisegoOMG Network(OMG)$1.773.49%
  • huobi-btcHuobi BTC(HBTC)$26,996.00-0.83%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.04-3.88%
  • harmonyHarmony(ONE)$0.0191300.13%
  • AstraferAstrafer(ASTRAFER)$1.49-0.19%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • DAO MakerDAO Maker(DAO)$1.55-2.71%
  • stepnSTEPN(GMT)$0.3664662.49%
  • bloxBlox(CDT)$0.345311-7.66%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • iotexIoTeX(IOTX)$0.0243440.07%
  • convex-crvConvex CRV(CVXCRV)$0.79-0.18%
  • escoin-tokenEscoin(ELG)$2.860.90%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • golemGolem(GLM)$0.225174-0.18%
  • tether-eurtEuro Tether(EURT)$1.090.88%
  • justJUST(JST)$0.0250981.28%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Gains NetworkGains Network(GNS)$7.247.87%
  • Frax EtherFrax Ether(FRXETH)$1,742.691.95%
  • moonbeamMoonbeam(GLMR)$0.355426-1.43%
  • inSure DeFiinSure DeFi(SURE)$0.0080861.11%
  • BlurBlur(BLUR)$0.500.93%
  • ecomiECOMI(OMI)$0.000782-1.61%
  • jasmycoinJasmyCoin(JASMY)$0.0044210.86%
  • band-protocolBand Protocol(BAND)$1.682.59%
  • terrausdTerraClassicUSD(USTC)$0.0211170.97%
  • kadenaKadena(KDA)$0.921.03%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • wavesWaves(WAVES)$2.040.57%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%